The EU Commission clears a global energy leader’s biggest industrial acquisition of third largest competitor, subject to divesting part of the gas business to fifth largest competitor, and other remedies (General Electric / Alstom)

General Electric / Alstom: our heavy duty*
In a nutshell: The GE/Alstom merger raised concerns in relation to the supply of Heavy Duty Gas Turbines, which are expected to play an important role in the coming decades in the European energy mix. The case is interesting amongst other factors because of the significant negative effects the transaction would have had on future innovation. The remedy was designed to ensure the creation of a player with innovation capabilities similar to those of Alstom. 1. Introduction
In September 2015, the Commission cleared the acquisition of the Thermal Power, Renewable Power and Grid businesses of Alstom Société Anonyme (Alstom, France) by General Electric Company (GE, US), subject to conditions. [1]
GE is a diversified manufacturing, technology and

Authors

Quotation

Daniel Coublucq, Laura Seritti, João Vareda, The EU Commission clears a global energy leader’s biggest industrial acquisition of third largest competitor, subject to divesting part of the gas business to fifth largest competitor, and other remedies (General Electric / Alstom),
8 September 2015,
e-Competitions Bulletin September 2015, Art. N° 86404